I guess they did it wrong
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It'll vary by factory. I settled on one via http://Alibaba.com that did the mold for $120 and production required a run of 500, I think it was. Something like 40 cents per coin, I think. That was a couple years ago, and each place is different, though.
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I've been quoted about ten times that....
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So I'd recommend asking around and seeing what different places offer. http://Alibaba.com is a good way to find factories. I looked at ones via plain old internet searches, but they had higher prices.
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I've also found that the more detail you can tell the factory about what you want, say by including photos of the effect you want, can go a long way in getting it done they way you want. Words don't always tell enough.
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Those coins of mine were produced by these guys: http://www.yeselgifts.com/ but they aren't the only ones.
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